Direxion Daily Crypto Industry Bull 2X ETF (LMBO)
Direxion Daily Crypto Industry Bull 2X ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $18.28, up 1.31% on the session, giving a market capitalisation of $2.7M. Its beta of 5.41 implies it has historically moved more than the broad market.
These Direxion Daily Crypto Industry ETFs are designed to deliver daily investment outcomes linked to the Solactive Distributed Ledger & Decentralized Payment Tech Index. Specifically, the Bull 2X ETF aims to provide twice (200%) the index's positive daily performance, while the Bear 1X ETF seeks to return the inverse (100% opposite) of the index's daily movement. These targets are calculated before accounting for any fees or expenses. Investors should note that the funds' stated objectives are not guaranteed to be met.
Direxion Daily Crypto Industry Bull 2X ETF is most often compared with the following Financial Services names: